Aswath Damodaran in City Journal reflects on the practice of “impact investing” – a trillion-dollar game of allocating investment dollars in ways that ostensibly benefit society. Though motivated by moralistic intentions, Damodaran notes that many of the true impacts are perverse and the practice essentially futile.

Yay Brexit!
Brendan O’Neill in Spiked enthuses that Brexit is superior to just about anything else in the world. “There should be street parties” on the 10th anniversary of the popular vote to withdraw from the EU, he writes. “Let the bells peal for that momentous day when in our millions we said No to globalism.” The continuing surfeit of saboteurs and naysayers among Britain’s “idiot elites”, O’Neill snorts, are gripped by Brexit Derangement Syndrome.


